Chicago Bridge & Iron Company N.V. (CBI), Trinity Industries, Inc. (TRN): Here’s What This 149-Bagger Has Been Buying and Selling

Oil and gas equipment and services specialist Weatherford has faced some accounting-related problems in the recent past but has been moving beyond that and seeing its stock rise, too. Its second quarter featured shrinking losses and a relatively rosy outlook for the rest of the year. Revenue rose 3% over year-ago levels. Management plans to focus more on the company’s core operations and more profitable businesses. Some think the company might end up acquired.

Finally, Appaloosa Management’s biggest closed positions included Two Harbors Investment Corp (NYSE:TWO) and MFA Financial, Inc. (NYSE:MFA). Two Harbors is another mortgage REIT with more flexibility than some of its peers because it’s a “hybrid” mREIT, investing in both government agency-backed mortgages and ones that are not so backed. The stock recently yielded a huge 13.4%. (Keep in mind that its payouts don’t get the lower tax rates of other dividends.) As with other mREITs, rising interest rates and prepayments on loans are a worry, but Two Harbors has protected itself by hedging against some of that. It has also been diversifying its operations, for example buying a mortgage servicing company.

We should never blindly copy any investor’s moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing, and 13F forms can be great places to find intriguing candidates for our portfolios.

The article Here’s What This 149-Bagger Has Been Buying and Selling originally appeared on Fool.com.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, owns shares of Two Harbors Investment. The Motley Fool owns shares of Fluor. 

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.